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The State Corporation Commission (SCC) has granted HL Power & Light a rate increase that is 43 percent less than what the company sought. The company requested an increase of $20 million. The SCC approved $11.5 million.
The SCC-approved rate applies the ratepayer protections that exist under Harleov law as it continues its transition to an electricity supply market intended to be competitive.
On July 1, the company's fuel factor will increase from 3.0699 cents per kilowatt-hour (kWh) to 5.6185 cents per kWh. The increase means the monthly bill of a residential customer using 1,000 kWh will increase by $25.49, roughly 25 percent. The company has thousands of members in Harleov County.
The allowed increase is based on a fuel index procedure that was put in place when HL chose to sell its generating plants in 2000, as was allowed, but not required, by Harleov Electric Utility Restructuring Act. The fuel index procedure was intended to protect HL's members from paying higher rates in the future than they would pay if HL had not chosen to divest its generating plants.
In reference to HL's 2000 decision to sell its generating plants, the commission wrote, "It would be unreasonable to force ratepayers to rescue the company from the results of its own economic business decisions ... decisions that HL freely made and which were not forced upon the company by the commission."
The Commission added, "We are keenly aware that this rate increase will work a hardship on Harleov's members; however, we must apply the law, pursuant to which we find that HL is entitled to the increased revenues approved herein."
HL 's requested 49.5 percent rate increase was based on the results of an auction that HL conducted to receive bids for power it no longer generates for itself. Regarding this auction, the commission commented, "The fact that there was only one bidder - and that bidder was an affiliate of (HL) - raises questions as to whether the resulting price was, in fact, 'competitive.' "
Responding to the decision by the SCC to approve a 43 percent rate hike, an anonymous county official issued the following statement: "While in normal times a rate increase of 25 percent would be harsh, under the circumstances, I think it is the best we could have hoped for. The SCC staff and the Attorney General's Office have done a great job holding HL Power to its agreement made in 2000. Thanks to all who wrote to the SCC and who joined us in testifying against the rate increase before the SCC."

Gweep is still soaking his butt in ice cream a week later. When asked to comment why, he simply let out a Bleech and went back to sitting on the ice cream and told us to close the door. Perhaps we got carried away with all the spankings, but gweep is gweep. He always says no and so we obviously though he was playing around with us.






you stay and starve from under nourishment
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Does your copy of quicktime studder when playing music? Try the following - Run "Quicktime Player" - click "Edit" , "Preferences" , "Quicktime Preferences" , and click the first box until "Sound Out" shows up , and change from "Directsound" to whatever your sound card is that shows up under "Directsound"
Posted by: Trallyus


Shouse with 12962 posts.
1.) Trallyus with 11429 posts +39
2.) Harold with 10339 posts +49
3.) Meow Kitty with 7794posts +21
4.) Ann with 7125 posts +75
5.) Wesley with 6827 posts +23
6.) Kristopher with 6578 posts +106
7.) SpringChicken with 6064 posts +33
8.) TheOneRod with 5735 posts +33
9.) Spraytech with 5394 posts +109
10.) Joseph with 5318 posts +144
Well Joseph, the new addition to the top posters list has taken the lead this week with 144 posts. A remarkable feat! Looks like we may have a new weekly winner on our hands. Spraytech came in second with 109. He'll have to do better than that to win. Surprisingly Trallyus dropped off to 39.



Member #: 142
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Registered on: 11/10/04 09:24 PM